by Dan Gibby | Jul 22, 2018 | Master Trader Advisory Letter Past
For the most part, last week was an exciting time in the markets of “running in place.” The exciting part was Tuesday’s relatively large gap down and that was followed by the intraday power trend higher. I’ll explain more in the video below. I believe that...
by Dan Gibby | Jul 20, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/20: PM – Consider shorting Aug (8/3) $80 puts (14 DTE) for $.36/share. +WRB following Breakdown Failure and Bottoming Tail from earnings gap down on the daily time frames, major support monthly. Stop Loss: $79.98.
by Dan Gibby | Jul 20, 2018 | Master Trader Advisory Letter Past
7/20: CLF – Consider shorting Aug (8/17) $9/7 bull put credit spread (28 DTE) for current mid-point of $.37/share. Pro Gap Breakout weekly. Stop Loss: $7.99. We are also watching for a directional long.
by Dan Gibby | Jul 20, 2018 | Master Trader Advisory Letter Past
Below is a monthly/weekly chart of Cleveland-Cliffs Inc. (CLF). Each morning in pre-market preparation, we analyze the gaps of the major market indexes to develop a trading bias for the day. Additionally, we monitor all open positions to see what trade...
by Dan Gibby | Jul 19, 2018 | Master Trader Advisory Letter Past
7/19: THO – Consider shorting Aug (8/17) $95/90 bull put credit spread (29 DTE) for around current mid-point of $.75/share. Breakout from multi-month bottom on the daily and weekly time frames and +123 breakout above 20/50-MA on the daily. Stop Loss: ...
by Dan Gibby | Jul 19, 2018 | Master Trader Advisory Letter Past
NEW TRADE IDEA: 7/19: ROST – Consider shorting Aug (8/17) $82.5/77.5 bull put credit spread (29 DTE) between $.40 – $.45/share. Breakout all time frames. Stop Loss: $81.48. Will watch for directional long into close.
